Bitcoin (BTC) fell near $62,500 as the cryptocurrency’s Fear and Greed Index reached 10. This extreme of Bitcoin fear only appeared near the bottoms of the last cycle.
The index sat at 8 the previous day and at 47 a month ago. Two widely followed momentum charts explain why the decline occurred and what could signal a turnaround.
Momentum broke first, then price followed
Glassnode chart shared by analyst BitcoinVector Bitcoin price, price momentum, and spot accumulative volume delta track side by side. Momentum fell below the +0.5 threshold before the price collapsed.
The same chart shows weak spot demand at that moment. The delta of cumulative volume has flipped to nearly negative 1,000, a sign that aggressive sellers have taken control of spot exchanges. Momentum is now at -1.00.
BitcoinVector argues that the order of events matters. Momentum weakens first, spot demand fades second, and prices break last.
Cryptocurrency sentiment has collapsed from neutral fear to extreme fear
The crypto-fear and greed index measures volatility, momentum, volume and social signals on a scale from 0 to 100. The reading was 47, or neutral, just one month ago.
Within weeks, it dropped to 23, then to 8, and now stands at 10. The last two readings settle into extreme fear, an area where panic typically dominates trading.
This pessimism reflects fear effect Which recently became one of the longest since the FTX collapse. Previous work on cryptography Emotions He points out that sentiment often moves toward the extremes rather than the center.
Bitcoin fear at these levels has led to previous lows
A chart from BitboBTC colors Bitcoin price data with a fear reading. Deep extreme fear values are clustered around major lows.
Blue circles indicate those moments. They line up with the late 2018 low near $3,000, the March 2020 crash near $4,800, and the 2022 bear market low near $18,000.
Today’s reading for number 10 puts current emotions alongside those events. Bitcoin is down about 50% from its October 2025 record near $126,200.
However, fear remained low for weeks before that, and prices fell afterward, and so did some Analysts urged patience In similar readings.
What confirms bitcoin recovery
earlier Swiss Block Chart frames are the recovery trigger. Momentum needs to return above -0.5 to indicate that surrender is falling.
Swissblock calls for action as first sign of structural rebuilding. Until that happens, the company sees a fragile base case where the price builds a range or declines.
Currently, Bitcoin is trading near $62,500, down about 1.7% over the past 24 hours, with a market cap of about $1.25 trillion.
Restoring momentum at -0.5 could open the way towards the $70K area, while failure to hold could result in an extension of the decline. Two competing scenarios remain in play until the signal turns.
Fear of Bitcoin remains historically extreme, yet a certain bottom is only evident when it is too late. This article is for informational purposes only and does not constitute financial advice.
this post Bitcoin fear last reached $3,000 and 18,000 price points appeared first on BeInCrypto.
